A gang of seven have been remanded for printing large amounts of fake notes.
The arrested counterfeiting gang were found to have fake notes worth Tk 67 lakh (€78,211/$85,347) reported The Daily Star. The arrested gang were named as Rafiqui Islam, Jahangir, who was the ringleader; Nizam; Abdur Rahim; Jakir; Shaheed; and Mahmud. The Joint Commissioner of Dhaka Metropolitan Police, Abdul Baten, told the media that a team of police arrested Jahangir, Nizam and Shaheed in Jatrabari, and were acting on information received.
The gang were able to make Tk 20 ($0.25/€0.23) and Tk 25 ($0.32/€0.29) lakh fake notes every day and then would sell Tk one lakh ($1,273/€1,167) in exchange for Tk 6,000 ($76/€70) to their go-betweens in the districts for distribution in other areas, which would keep the counterfeit money in circulation. Police found a printer, ink cartridges, a notebook computer and blank sheets of paper at the “money making factory”.
A police official said that the gang had circulated a good deal of fake money in the district, and Baten said that Rafiqui had been involved in counterfeiting for 15 years, although he could not say if he had previous convictions. The notes were circulated by members of the organisation in parts of the district where the notes would go undetected, mainly in the fish market.